GBPINR trading range for the day is 95.32-96.26 - Kedia Advisory
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USDINR
* USDINR trading range for the day is 82.3-83.4.
* Rupee marks biggest monthly losing streak since 1985
* The U.S. Federal Reserve's hawkish stance on monetary policy catapulted the dollar to two-decade highs.
* Investors continued to pile on riskier assets as growth concerns drove major central banks to consider dovish pivots.
EURINR
* EURINR trading range for the day is 81.9-83
* Euro steadied as investors digested a batch of macroeconomic data and its potential impact on the European Central Bank’s guidance.
* Consumer prices in the currency bloc accelerated to a fresh record of 10.7% in October
* The bloc’s GDP expanded by 0.2% in the third quarter, matching market expectations at the slowest growth pace in six quarters
GBPINR
* GBPINR trading range for the day is 95.32-96.26
* GBP remained supported after Rishi Sunak reiterated placing economic stability and confidence at the heart of the government's agenda
* UK's Rishi Sunak says tough decisions needed to fix economy
* Consumer credit rose by GBP 0.745 billion in September of 2022, following an upwardly revised GBP 1.215 billion gain in August
JPYINR
* JPYINR trading range for the day is 55.83-56.33
* JPY dropped as Japan's factory output fell in September for the first time in four months
* Japan unveiled a stimulus package with spending worth 39 trillion yen ($265 billion) that it said would boost gross domestic product by around 4.6%
* Japan consumer mood down to 26-month low
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